Real Estate

LAUNDY DOUBTFUL OF REDCAPE PURCHASE

Posted on September 21st, 2016 by Clyde Mooney
Pub giant and active transactor Arthur Laundy has quashed rumours he is close to buying the $700 million Redcape portfolio. As the Australian pub industry waits with bated breath the fate of the New York hedge-fund-owned collection of big-performance gaming

COLES LANDLORD HPI SELLS

Posted on September 21st, 2016 by Clyde Mooney
Listed landlord to ALH and Coles pubs HPI has divested the Payneham Tavern to an unnamed Sydney investor. The Payneham Tavern and Liquorland drive-thru bottleshop are tenanted by Coles on a 20-year lease plus two ten-year options, with built-in annual

COMMODORE SETS SALE AS LANTERN PLOTS COURSE FOR EXIT

Posted on September 19th, 2016 by Clyde Mooney
The compelling Lantern Hotel Group has put to market one of its final non-core hotels, as it asks shareholders to ponder selling up the lot. The 150-year-old Commodore Hotel – originally the First Old Commodore, and rumoured favourite haunt of

UPDATE: LONDON HOTEL FAILS HERITAGE APPLICATION

Posted on September 19th, 2016 by Clyde Mooney
[caption id="attachment_6178" align="alignright" width="374"] London Hotel, Port Melbourne. Image courtesy State Library of Victoria[/caption] A 139-year-old pub in Port Melbourne has lost another battle in the attempt to save it from the wrecking ball. Plans by the freehold owner, a

IRIS GROUP PICK UP THE COLOMBIAN

Posted on September 16th, 2016 by Clyde Mooney
Sam Arnaout’s Iris Capital has bought former Westpac Bank now Oxford Street landmark The Colombian Hotel for an undisclosed sum. The three-level building on the prominent corner of Oxford and Crown Streets in Darlinghurst is an institution of the Oxford

POPULAR ST KILDA CORNER PUB TO MARKET

Posted on September 16th, 2016 by Clyde Mooney
St Kilda’s popular Elephant & Wheelbarrow has come to market, as long-term owners take the opportunity to concentrate on other pubs. [caption id="attachment_7268" align="alignright" width="371"] Elephant & Wheelbarrow[/caption] Located near the St Kilda foreshore, the Elephant & Wheelbarrow is a

LAUNDY TO BUILD FIRST PUB – AND BREWERY

Posted on September 14th, 2016 by Clyde Mooney
Pub king Arthur Laundy is planning to build his first pub from scratch, with a craft brewery for the people of the western suburbs. Set to be located on Fulton Rd, Marsden Park, the pub-brewery is expected to cost around

SHORT SEES DOUBLE IN REDFERN PUB

Posted on September 12th, 2016 by Clyde Mooney
Marty Short has grown his Redfern presence with the purchase of the former Courthouse Hotel for around $6 million. Situated on the corner of George and Redfern Streets, the old Courthouse Hotel is opposite the landmark former Redfern Post Office,

GOLDMAN SACHS CALLED TO BROKER REDCAPE SALE

Posted on September 7th, 2016 by Clyde Mooney
As the money-shuffling strategies of its hedge fund owners continues, another potential sales process has emerged for Australia’s high-profile pub group. New York-based Värde Partners and York Capital Management hold the deeds to the gaming-centric Redcape Hotel Group, but will

COUGHLAN BUYS IN CAMPERDOWN AND EYES MORE

Posted on September 5th, 2016 by Clyde Mooney
High-profile publican Paddy Coughlan has picked up his second inner-west pub, bringing a Lady to Camperdown to append Lord Gladstone. Located on Parramatta Road, just west of Missendon Road, the Hampshire – soon to be ‘Lady Hampshire’ – is in